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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 701. |
In NPO,(receipts and payments a/c)what to do whenSale of Old Furniture (costs 6000) 4000please help fast |
Answer» 13,40,00 she is a REALLY GOOD answer..... |
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| 702. |
Thegunantedof 이lessA. B and C entered into partnership1st April 2012 to share profitlacresratio of 4:33however,personallythat C's shareprofit afterchanginginterellaon capital @ 5%would not bethan& ue,ooo in.contibutedwere A-3,00.000- 200,000 C-E1,50.000c-Thetheended 31st2013Jeanamountedto &Appropriatethe Profit & LossaccountB-profit forMarch2.60.000show |
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Answer» Answer: 20444-478-3883+38838383+388494 profile 64+3(388383)7373+8484 |
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| 703. |
Ajay and Vijay are partners sharing profits and losses equally . Their drawings during the year ended31st Mar, 2020 are as follows:Ajay drew Rs. 12,000 at the end of each month.Vijay's drawings were : 30.06.19 : Rs.40,000 ; 31.07.2019 : Rs.20,000 ; 01.10.19 : Rs.20,000 ;01.03.2020 : Rs.32,000. The deed provides Interest on Drawings @ 10% p.a.Calculate Interest on Drawings for Ajay and Vijay.and locor in the ratio of 2.2.1 Vishal retires |
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Answer» jsjjdjjdhdjdjdjdjfjjfjfjidiiiisid |
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| 704. |
B Ltd. issued shares of Rs.10each at par. Mr. C purchased 30shares and paid Rs.2 onapplication but did not pay theallotment money of Rs.3. If thecompany forfeits his entireshares, the forfeiture accountwill be credited by |
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Answer» MARK me as BRAINLEST answer PLZ... Explanation: 21 RUPPES |
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| 705. |
Q3 which account should be credited for free samplesdistributed aa) Goods distributed for free sample.by Purcheseez ) Aduertisementd> None |
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| 706. |
Which of thefollowing user useaccounting information toassess whether or not toinvest their money in thecompany/organization? O OwnerO ManagementO LendersO Prospective Investors |
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Answer» Explanation: The following list identifies the more common users and the REASONS why they need this information: Company management. ... Competitors. ... Customers. ... Employees. ... GOVERNMENTS. ... Investment analysts. ... INVESTORS. ... Lenders. |
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| 707. |
Prepare Revaluation account and Partner's capital account.0.7 Geeta and Meeta are partners in a firm sharing profits in the ratio of 3:2. Their Balance sheet on 31st March, 2020 was as under:24,000LiabilitiesCreditorsBills PayableGeneral ReserveCapitals:GeetaMeeta₹Assets27,000 Cash5,000 Debtors18,000 Less: prov. for bad debtsStockPatent75,000 Building48,0004,80043,20030,0007,40020,40040,00035,0001,25,0001,25,000Reeta is admitted into the partnership giving her 1/5th share in the profits.Reeta is to bring in * 30,000 as her Capital and her share of goodwill in cash, subject to the following terms:(a) Goodwill of the firm to be valued at * 50,000.(b) Stock to be reduced by 10% and provision for Bad Debts to be reduced by * 2,400.(c) Patents are valueless.(d) There was a claim against the firm for damages amounting to * 2,500. The claim has now been accepted.(e) A debtor, Ram whose dues $2,000 were written off as Bad Debts last year paid 1,500 in full settlement of accounts.(1) Expenses on revaluation of assets and reassessment of liabilities amounting to 1,000 were paid by the firm.Prepare Revaluation Account and Partners Capital Accounts.***** |
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Answer» Answer: Revaluation account is a nominalaccount PREPARED for the purpose of distributing and transferring the PROFIT or loss arising out of INCREASE or DECREASE in the book value of assets and/ or liabilities of the partnership firm at the TIME of Change in profit sharing ratio,admission of a partner, retirement of apartner .. |
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| 708. |
(a) historical cost.(e) both historical cost and fair value.(b) fair value(d) None of these |
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Answer» YES ettgetuttndnjnebt trbbeb2brbtbtbdbehftbbtehh3jrjtbybt |
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| 709. |
1 (a) M/s. Vanish Traders, Delhi purchased 500 Parker Pens @ 200 each less Trade Discount@ 15% from Luxor Pens Ltd., Delhi. CGST and SGST was levied @ 6% each. Further, CashDiscount was allowed @ 5% as the payment was made within specified time. What will bethe amount of trade discount and cash discount? Pass Journal Entry also. |
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Answer» M/s. Vaish Traders, Delhi purchased 500 Parker Pens @ Rs 200 each LESS Trade Discount @ 15% from LUXOR Pens LTD., Delhi. CGST and SGST was levied @ 6% each. Further, Cash Discount was allowed @ 5% as the payment was made within specified time. |
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| 710. |
3. Interest on bonds accrues(a) on the last day of the financial year(b) on due dates fixed in advance(c) on the date fixed by board resolution(d) as declared by the company in the beginning of every financial yearper his actual periodo |
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Answer» Accrued INTEREST is calculated from the previous COUPON date up to, but not including, the SETTLEMENT date. |
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| 711. |
12. Match with the suitable option:List |1. Sold to M/S A 30 [email protected] each40 trousers @300 eachLess:TD @ 10%2. Return 60 pen drive to M/S X purchased@ 100 each , IGST @ 12% *@ L(1 Point |
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Answer» don't KNOW about these answer |
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| 712. |
Numerical QuestionsSimple Cash Book1. Enter the following transactions in a simple cash book for December 2016:01 Cash in hand05 Cash received from Bhanu07 Rent Paid10 Purchased goods Murari for cash15 Sold goods for cash18 Purchase stationery22 Cash paid to Rahul on account28 Paid salary30 Paid rent(Ans. Cash in hand 13,200)12,0004,0002.0006,0009,0003002.0001.000500 |
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Answer» Answer: I don't KNOW but THANKS for the free POINTS MARK me as brainlest answer |
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| 713. |
Following is not a Fixed Income Bearing Security(a) Debentures(c) Preference SharesInterest is always calculated on theb) Equity Shares(d) Government security |
Answer» Debentures is not a Fixed Income Bearing SecurityExplanation: Debenture is a MEDIUM- to long-term debt instrument used by large COMPANIES to borrow money, at a fixed rate of interest. Debentures are also known as a bond which serves as an IOU between issuers and purchaser. It is not SECURED by collateral. Since debentures have no collateral backing, debentures must rely on the creditworthiness and reputation of the issuer for support. Both corporations and governments frequently issue debentures to RAISE capital or funds. Option A is the answer. |
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| 714. |
En 24neverbeenmoother.Mir Rahul gains a limited companyJunebefore this hee heyinother employmentanyhe hasof incomewhat will be the previous year forcusessment.years9Assesment year 20.19-20Assesment yearfollowing2420-21 |
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Answer» Answer: 12345678901234567890 |
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| 715. |
2. There are two partners in a firm Pand Q. R is admitted into the firm for1/3 rd share of profit with theguaranteed profit of Rs 18,000 p.a.The firm's total profit is Rs 42,000. IfP stood as guarantor of guaranteedprofit to R, how much profit would begiven to P? |
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Answer» share of R in PROFIT = 42,000×1/3 = 14,000 share of P = 42,000-14,000×1/2 = 14,000 share of Q = 42,000-14,000×1/2 = 14,000 guaranteed to R = 18,000 actual share RECEIVED = (14,000) deficeincy = 18,000-14,000 = 4000 share of P = 14,000-4000 = 10,000 share of Q = 14,000 share of R = 18,000 |
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| 716. |
Goods costing 10000rs were returned to ram bros, as the goods were hazardous for the health of consumersfind its journal entry |
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Answer» Explanation: |
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| 717. |
Goods costing 10000rs were returned to ram bros, as the goods were hazardous for the health of consumers |
Answer» Ram BROS alc dr 10000To purchase returns alc 10000(Being purchases returned on account of hazardous nature)Hope this answer is helpful to you mark my answer as BRAINLIST if you are satisfiedTHANK you |
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| 718. |
Q.40. X, Y and Z were partners sharing profits and losses as to X one-half; Y one-third;ad Z one-sixth. As from 1st April, 2015, they agreed to admit A into partnership for ane-sixth share in profits and losses, which he acquires equally from X and Y, and is toHing in 50,000 for his capital and 320,000 as premium for goodwill. A paid in his capitalnoney but in respect of premium for goodwill, he could bring in only 315,000.You are required to :(i) give the journal entries to carry out the above arrangements and(ii) work out the new profit-sharing ratio of the partners. |
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Answer» i DONT UNDERSTAND your QUES........ i dont understand your ques........ |
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| 719. |
A businessman wants to sell a piece of land which was being used as hisgodown but he is not able to know the market value of land from his financial statement. Which limitation of accounting is laid down in this statement? Explain |
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Answer» Answer: dilipsingh the UK and IRELAND and the PLACE to find out what the FUTURE. 23rd |
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| 720. |
కాకి, తాబేలు, ఎలుకల సఖ్యం గొప్పది. ఇప్పుడు వాటికి జింకతో నెయ్యం కుదిరింది.Aకింది పదాలు చదువండి. వీటిని ఉపయోగించి సొంతవాక్యాలు రాయండి.గబుక్కునతళుక్కునమనంఇ.చటుక్కునఈమిరుమిట్లు గొలిపే :....మురిసిపోవడంఊ.వడివడిగాఋ. నివ్వెరపోయి |
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Answer» తాబేలు, ఎలుకల సఖ్యం గొప్పది.ఇప్పుడు వాటికి జింకతో నెయ్యం కుదిరింది.A కింది పదాలు చదువండి.వీటిని ఉపయోగించి సొంతవాక్యాలు రాయండి.గబుక్కున తళుక్కున మనం ఇ.చటుక్కున ఈ మిరుమిట్లు గొలిపే :.... మురిసిపోవడం ఊ |
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| 721. |
Kamalakar @ 1oy pa fil the yearuendung31-3-2018 Sholtcut metodper monthf he withduw esi) at In thein In thebeginning ofEach monthmidolle이Each monththeend ofEachmonthcalculate interest |
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| 722. |
1.Profit-Organisations, Partnership Firmsand Companies)Disha and Abha were partners in a firm. Farad was admitted as a newpartner for 1/5th share in the profits of the firm. Farad broughtproportionate capital. Capitals of Disha and Abha after all adjustmentswere * 64,000 and * 46,000 respectively. Capital brought by Farad was:(a) * 22,000 (b) * 27,500 (c) 55,000 (d) * 28,000 |
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Answer» Answer: total capital of new FIRM = total ADJUSTED capital of OLD partners / COMBINED share of old partners = (64,000 + 46,000)×5/4 = 1,10,000×5/4 = 1,37,500 amount of Farad in total capital = capital of new firm - capital of old partners = 1,37,500-1,10,000 = 27,500 capital of farad = 27,500 (B) |
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| 723. |
Q1.From the following transactions, prepare an accounting equation:i.ii.iii.iv.Mr. Ram started business with cash 20,000.He took a loan 1,00,000.He purchased goods for 15,000.He sold 50% of goods at a profit of 20%.He sold 10% of the remaining goods at a profit of 10%. |
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| 724. |
What is the rectification entry of this?Received cash from ram was posted on credit side of cashbook rs.500 |
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Answer» Answer: TWO Sided Errors Journal Date PARTICULARS L.F. Debit Amount (Rs) Credit Amount (Rs) i) Mridula’s A/c Dr. 4,500
To Sales A/c 4,500 (Credit sales to Mridula were recorded as Rs 500 instead of Rs 5,000)
ii) Purchases A/c Dr. 7,200
To Nayna’s A/c 7,200 (Credit purchases from Nayna were recorded as Rs 800 instead of Rs 8,000)
iii) Priya’s A/c Dr. 10,800
To Purchases Return A/c 10,800 (Goods returned to Priya were recorded as Rs 1,200 instead of Rs 12,000)
iv) Sales Return A/c Dr. 9,000
To Rashi’s A/c 9,000 (Goods returned from Rashi were recorded as Rs 1,000 instead of Rs 10,000) Explanation: please follow meee. |
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| 725. |
38. On 1st January, 2015, a company purchased a machine for 36,000 and paid * 4,320 for IGST and74,000 for its installation. The company charges depreciation on this machine @ 10% pa. underReducing balance method.Show Machinery Account for the 1st 3 years assuming the company closes its books of accountson 31st December each year.Bo Bros charges denreciation 1030dar din* |
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Answer» Answer: please don't TYPE or write like that Explanation: because question NUMBER is ALSO WRITTEN their so don't write question number |
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| 726. |
Sundry Income of 1,500 received in advance.in which side it will go in balance sheet???asset or liabilities |
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Answer» Answer: iska answer kal DONGA... aaj pata NHI hai .... or Google SE mein DETA nhi answer.... ok sorry.... yaar Explanation: plZ come plz Meeting ID: 254 309 7144 Passcode: come |
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| 727. |
The sequence of daily market prices of the shares of Z Ltd is given below:205, 201, 202, 204, 203, 210, 215, 213, 211, 209, 206, 208, 210, 212, 215, 217, 215, 213, 211, 212, 214, 217, 219, 220, 218, 216, 214, 212, 214, 215, 212, 210, 215, 217, 218, 220, 218, 216, 215, 212, 216, 218, 220, 224, 225,222.You are required to answer the following:-i. What inference will you draw about the market efficiency from the above data? Draw your inference at a level of confidence of 95%. (The area under normal curve between z=0 and z=1.96 is 0.475)ii. Is technical analysis useful in this case?iii. What will be your prediction about the future movement of the price of this share? iv. What will you do if you want to trade in this share based on your prediction? Why? |
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| 728. |
Define a rational function of money (interest) thatgives the required principal that will give the giveninterest after five (5) years at a rate of 0.8%. Attachthe definition of the function with brief explanation.pls answer this I will mark you as brainlist |
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Answer» Answer: |
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| 729. |
Mr.ashok Gupta is a partner in a firm.he withdrew the following amounts during the year ended 31 st march 2018.RsApril 30. 8,000 June 30 6,000Sept 30. 5,000Dec 31. 12,000 Jan.31. 10,000Calculate interest on drawing @9%p.a for the year ended on 31st march,2018. |
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Answer» Answer: 660+262.5+450+360+225=1957.5 Explanation: |
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| 730. |
The owner of Bntten's Egg Farm wants to estimate the mean number of eggs laid perchickon. A sample of 20 chickens shows they laid an average of 20 eggs per month with :standard deviation of 2 eggs per month, |
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Answer» Answer: Explanation: 20/20= 1 |
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| 731. |
Purchased merchandise on account for Rs. 20000 journal entry for this? |
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Answer» to cash a/c 20000 Explanation: HOPE it help u buddy |
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| 732. |
A the manufacturer, sold goods to B the wholseller of Rs. 1000 plus 10% GST. B ,wholeseller sold goods to C, the retailer of Rs. 11oo plus 10% GST.C, the retailer sold goods to D, the customer of Rs. 1500 plus 10% GST. Calculate the Tax and Total price charged for each level. |
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| 733. |
WK-17 . 114-2513Зо 18 18 1913 520 6 6 1018 до 30 Гц1 1 3 3 316 до 30 |थैंक्स |
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Answer» PLZ ELABORATE UR QUESTION ..it is ununderstandable....plz reask it... |
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| 734. |
Q4. In the following situations faced by a company which financial ratios will you refer? Explainyourreasons.a) The company asks you to sell material on credit.b) You are thinking of investing Rs. 25,000 in the company's debentures.Ç) You are thinking of investing RS. 25,000 in the company's shares. |
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Answer» (C) you are THINKING of investing rs. 25,000 in in the company's SHARES. Explanation: |
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| 735. |
Purchase government bondJournal entry in cash book three column cash |
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Answer» ANSWER:hree column cash book contains cash, bank and discount column... ... Cash Book? APRIL 2017. 02 PURCHASED Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds hree column cash book contains cash, bank and discount column... ... Cash Book? April 2017. 02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315. ... Accounting Problems & Solutions ... What would be the entries? Reply. Missing: government bonds Explanation: |
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| 736. |
Mr. Rahul joins a limited company on 24th June, 2018. Before this, he has never been in any other employment.He has no other source of income. What will be the previous year for the following assessment years') (a) Assessment year 2019-20 (b) Assessment year 2020-21 |
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Answer» HAI i have no answer so................. IAM so SORRY AA..... |
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| 737. |
Printed Pages - 2Cd-502:B. Com. (Third Year) Examination, 2019-20GROUP : ACCOUNT (Compulsory)नोट प्रत्येक खण्ड के लिए नवीन पृष्ठ से उत्तर लिखना प्रारम्भ किया जाए।Note: Each section is start ansrer from new page.खण्ड-अ प्रश्न-पत्र : प्रथम / Section-A Paper : FirstINCOME TAX LAW & PRACTICEMaximum Marks : 40 (Regular) / 50 (Private)Minimum Pass Marks : 13 (Regular) / 17 (Private)नोट : सभी प्रश्न अनिवार्य हैं। सभी प्रश्नों के अंक समान हैं। प्रत्येक उत्तर अधिकतम 400 शब्दों में दिया जाये।Note: Attempt all questions. Each question carries equal marks. Each answer is maximum 100 words,1. मिस्टर राहुल एक लिमिटेड कम्पनी में 24 जून, 2018 को नौकरी प्राप्त करते है। इससे पूर्व वह किसी भी अन्य सेवा में नहींथे। उनकी आय का कोई अन्य स्रोत भी नहीं है। निम्नलिखित कर निर्धारण वर्ष के लिए उनका गत वर्ष क्या होगा?(अ) कर-निर्धारण वर्ष 2019-20(ब) कर-निर्धारण वर्ष 2020-21 |
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Answer» what is this............. SORRY i don't UNDERSTAND your QUESTION ❤❤❤❤❤❤❤❤❤❤❤ |
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| 738. |
11 OI une above25.A ##### error appears when :(A) A negative data is used.(B)Column is not wide enough(C) Negative time is used.(D) All of the aboveTT |
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Answer» Answer: All of these above OPTION D TAG me as brainliest |
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| 739. |
63. (Revaluation A/c/Partner's Cap. A/c/B/S) A and B were partners sharing profits andlosses in the ratio of 3:2. Their Balance Sheet on 31st March, 2015 stood as under :-Liabilities₹ FAssetsCapital-A70,000 Machinery-B60,000 FurnitureBank Loan18,000 InvestmentsCreditors72,000 StockGeneral Reserve20,000 Debtors38,000Less : Provision4,000Cash66,00030,00040.00046,00034,00024,0002.40,0002,40,000On this day they admitted C for 25% share in profits on the following terms :-(i) C brings capital proportionate to his share after all adjustments and 78.000 forgoodwill, out of his share of 14,000.(ii) Depreciate furniture by 10%.(iii) Half of investments were to be taken over by A and B in their profit sharing ratioand remaining valued at 26,000.(iv) New profit sharing ratio will be 3:3:2.Prepare Revaluation Account, Capital Accounts and Balance Sheet after C's admission[Ans. Profit on revaluation 3,000 : C's Current A/c (Dr.) 6,000 : Partners' capitalaccounts balances A 84.400 : B 62,600 and C 49,000 : Total of Balance Sheet2.86,000.1 |
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Answer» Answer: |
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| 740. |
Cr.OmgewandeGeneral expensesWP₹19.72034.96515,9659,4801.9802.15025,0009,4554,17530.0008.142Factory fuel and power1.276Sundry debtors78,140Lighting factory986Stable expenses for distribution2.473Stock 1st April, 201034,170Horses and carts5,165Purchases97,165Sales returns3,170Discount928Bad debts1,485Interest and bank charges475Cash at bank7,540Cash in hand145Abdul Rahman's capital alc80,000Sundry creditors54,160Bank loan10,000Purchases returns1,140Reserve for bad & doubtful debts102,000Sales2.46.8503.94.150 3.94.150Adjustments :(1) Stock on 31st March, 2011 29,630.(ii) Depreciation-plant and machinery @ 10% fixtures and fitting @ 5% horses andcarts1000.(iii) Bring provision for bad and doubtful debts to 5%.(iv) Unexpired insurance 300 and taxes 190.(v) A commission of 1% on the gross profit to be provided for works manager.(vi) A commission of 5% on net profit after charging the works manager's commissionto be credited to general manager.Hint: (i) Works manager's commission 945.(ii) General manager's commission * 2,643.[Ans. G.P. 94,453; N.P. 50,209; B/S) 1,97,957]NP-X RWhen suchNPY35 ич) |
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Answer» Can't get what you are ASKING Really sorry |
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| 741. |
Prepare financial statement of the firm Ramesh and MaheshFollowing is the Trail Balance of Chharavilm Ltd. as on 31 March, 2020:Name of AccountsDebit CreditAmount Rs. Amount Rs.Equity Share Capital25,00,00010% Preference Share Capital15,00,000Office and Sales Expenses2,00,000Purchase less Returns33,00,00010% Debentures10,00,000Sales less Returns48,00,000Computer Software2,00,000Computers5,00,000Wages8,00,000Debentures Interest100,000Salary4,00,000Bank Overdraft20,000Land and Building20,00,000Opening Stock1.50,000Discount ReceivedDebtors and Creditors7,50,000BUL1,00,000Proposed DividendDepreciations and AmortizationsNon-Current Investments8,00,000Current Investments2.00.000Total 100,00.000 100.00.000Additional Information1. The value of Closing Stock Is Als. 1,80,0002. The Tax Provision is to be created @ 50% of the Profit of the year,From the above information prepare Financial Statements of the company for the yearended as at 31 March, 2020 as per scheduled Ill of the Companies Act 2013. Notesto the accounts are not required |
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Answer» answer is no 1 the VALUE of closing stock is a/s 180000 |
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| 742. |
D30.00097.165925BD ODD10.000Szoek on March 2010 20.530Deprecate-plant and machinery a 10% fimures and fitting @ 5% horses andy common the gross profit to be provided for works manager.communen of een net profit after charging the works manager's commissionintos megetis commission *945.SP NP 50.209: B/SR 1.87.957Brun |
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Answer» okkkkkkkkkmmmmmmkkkkk |
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| 743. |
SundiyanStack on 31 March 2011 19.30Depreciation plant and machinery 10% fixtures and fitting homes andBring provision for bad and doubtful debts toCiv) Unexpired insurance 300 and taxe 190A comission of is on the gross profit to be provided for works managerA comission of son net profit after changing the works manager's commissionto be credited to general manager:Hint: Works manager's commission 94518 unGP453: NP 750.309, BSR 1.97,967) |
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Answer» Nsudus suus SALAM vjvbjjd sjsisbhd jssjhdbs D S D X x dcjxyc dusk school svstc NAMASTE cjsjs xbsis |
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| 744. |
9.96Final Accounts (With Adjustments)Cr.Plant and machineryManufacturing wagesSalariesFixtures and fittingsCarriage inwardsCarriage outwardsFreehold worksManufacturing expensesInsurance and taxesGoodwillGeneral expensesFactory fuel and powerSundry debtorsLighting factoryStable expenses for distributionStock 1st April, 2010Horses and cartsPurchasesSales returnsDiscountBad debtsInterest and bank chargesCash at bankCash in handAbdul Rahman's capital a/cSundry creditorsBank loanPurchases returnsReserve for bad & doubtful debtsSalesDr.₹19,72034,96515,9659,4801,9802,15025,0009,4554,17530,0008,1421,27678,1409862,47334,1705,16597,1653,1709281,4854757,540145upNP-Y RNP80,00054,16010,0001,1402,0002,46.8503.94,1503.94.150Adjustments :(1) Stock on 31st March, 2011 * 29,630.(ii) Depreciation-plant and machinery @ 10% fixtures and fitting @ 5% horses andcarts1000.(iii) Bring provision for bad and doubtful debts to 5%.(iv) Unexpired insurance 300 and taxes * 190.(v) A commission of 1% on the gross profit to be provided for works manager.(vi) A commission of 5% on net profit after charging the works manager's commissionto be credited to general manager.Hint: (i) Works manager's commission * 945.(ii) General manager's commission 2,643.[Ans. G.P. 94,453; N.P. 50,209; B/S) 1,97,957]88 u |
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Answer» how much bigger QUESTION ho my GOD |
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| 745. |
14. Pass Journal anthes and prepare fumltun Account in theJan. 1000'OZ – ym jog pornpund anjum,0007 Win 10 Pjos amuJan. 12. further furniture purchased & 8.000ng for cashlan. 25 fumure withdrawn from business for personal 500000': $ 109 Supung peseyp II Wer3 9 Type a messageC |
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Answer» हैलो nakakkakajwjwoowjwh यू हो सकता है वर्तमान स्थिति y एल डीएम अब तक y s यू देख सकते हैं कि |
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| 746. |
14. Pass Joumal entries and prepare Furniture Account in theledger.2020Jan. 1. Furniture purchased for cash < 20,000Jan. 5. Furniture sold for cash 2000Jan. 12. Further Fumiture purchased < 8,000Jan. 18. Purchased building for cash 1,000Jan. 25 Fumiture withdrawn from business for personal (2500 |
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Answer» Answer: eedrrtyyuiiietyu the same as I can you send me your email address will not repeat the same procedure will be very happy with the EXERCISE of the SOL in the CURRENT situation and 5 marks your hand up R |
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| 747. |
Which of the following is not included inCurrent Assets ?(A) Debtors(B) Bills Payable(C) Cash at bank(D) Cash in hand |
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| 748. |
Standard costing involves the :(A) Setting of budgeted costs(B)Determination of standard cost(C) Fixation of estimated cost(D) All of the above |
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Answer» all of the above d OPTION |
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| 749. |
23. Standard costing helps in :(A) Controlling prices(B) Measuring efficiency(C) Increasing profits(D) Reducing losses |
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Answer» C) Increasing profit. Explanation: |
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| 750. |
20. The objectives of budgetary controlinclude:(A) Policy formation(B) Determination of targets(C) Classification of expenses(D)All of the above |
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